A polarization stabilizing device and method based on controlling the phase retardation of a pair of variable phase retarders with a controller such that the first of the variable retarders has its phase retardation switched between first and second values whenever the phase retardation of the second of the variable retarders reaches an upper or a lower limit. The upper and lower limits of the second retarder and the first and second values of the first retarder are chosen so that discontinuities in the power of the output optical signal are avoided when the first variable retarder is switched, thereby providing endless polarization stabilization using phase retarders that themselves have only limited retardation ranges.